Which of the following probably would NOT be used as collateral agains
QUESTION
Which of the following probably would NOT be used as collateral against a secured loan?
A) a car
B) jewelry
C) a piece of land
D) cash
E) a home
ANSWER
Answer: D
Explanation: D) Personal property is usually used as collateral against a secured loan. This might be in the form of a car, jewelry, or a piece of land, among other things.
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